PEDC News

BP Trinidad and Tobago (BPTT) today announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal

The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources.

The project will involve the construction of a new platform, Cassia C, BPTT’s 16th offshore facility. Gas production from the Greater Cassia Area will be routed to Cassia C for compression before being exported via the adjacent existing Cassia B platform. First gas from the facility is expected in 3Q 2021.

BPTT Regional President Claire Fitzpatrick said: “The Cassia Compression project will be important in maintaining the stability of Trinidad’s gas production and the supply to downstream customers and Atlantic LNG. The final investment decision for this project was made possible with the conclusion of the first phase of negotiations with the Government of Trinidad and Tobago, which included resolution of several commercial issues.”

The Matapal project will develop the gas resources discovered by BPTT in 2017 with the Savannah exploration well. The project will be a three-well subsea tie-back to the existing Juniper platform. With production capacity of 400 million standard cubic feet of gas a day, first gas from Matapal is expected in 2022.

Both the Cassia Compression and Matapal projects represent continued investment and development of BPTT’s acreage and will help ensure that BPTT continues to meet its supply commitments to both Trinidad’s National Gas Company and Atlantic LNG.

The Pasargad Energy Development Company, PEDC, is owned by the Pasargad Financial Group, in which one of its distinctive shareholders is Pasargad Bank, the leading Iranian private bank with a continuous high growth rate.